The Swiss Financial Market Supervisory Authority (FINMA) suggests a plan to bring stricter anti-money laundering rules for crypto transactions. As per the proposal, crypto transactions of over 1,000 Swiss Francs will require client identification as opposed to the current limit of 5,000 francs. FINMA said the new limit is due to heightened money laundering risks […]
Bitcoin today evolves to a great extent. It makes the switch from being a currency to an investment. And thus, Bitcoin today becomes a viable alternative to many centralized payment systems existing in the market. As a result, we can expect that a store nearby may accept bitcoin payments in 2019 and beyond. The rise […]
MasterCard has announced the filing a patent application to anonymize electronic transactions via blockchain. The patent explains how the system would mask the origin and funds’ amount when a transaction occurs. However, the firm has not yet stated if the system will be used for crypto transactions or fiat money. As per sources, the system looks vulnerable as cybercriminals can use it for laundering cryptocurrencies.